SFL Sells 18-year-old VLCC
Ship Finance International Limited (SFL) has agreed to sell the 1998 built VLCC Front Century to an unrelated third party, and has simultaneously agreed to terminate the corresponding charter party for the 18-year old crude oil carrier with a subsidiary of Frontline Ltd. The vessel is expected to be delivered to its new owner in the first quarter of 2017, and the net sales price will be approximately $24 million, including a compensation from Frontline for the early termination of the charter.
Political Issues Wrap Nickel Ore Trade
Peter Modev, Senior Loss Prevention Executive at UK P&I Club, and the Club’s local correspondent (Pandiman Philippines) provide an update on the risks in transporting nickel ore from the Philippines.
ENGIE, Wärtsilä to Develop Small Scale LNG Markets
ENGIE has signed a Memorandum of Understanding (MoU) with Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and…
Kongsberg Maritime Opens South African Facility
Kongsberg said it has opened its first office and warehouse facility in the Republic of South Africa on Friday, November 4, 2016. Located in Cape Town’s airport zone, the new Kongsberg Maritime South Africa facility joins the company’s global network of first party sites, consisting 64 offices located in 20 countries, employing more than 4,000 people. Kongberg's expansion in South Africa comes as the…
Telenor Maritime Extends Service to Color Line Fleet
Telenor Maritime has a longstanding relationship with Color Line, and has now announced an expansion of the communications services on board the entire Color Line fleet, deploying connectivity platforms supporting the complete digital value chain that aim to enhance the customer experience. “Telenor Maritime is a mobile company at sea, placing the mobile in the center of all we do. With our connectivity platform…
Investors Call for Moratorium on Arctic High Seas O&G Activity
A group of investors representing more than 5 trillion euros ($5.53 trillion) in assets under management have called on oil and gas companies to observe an unlimited…
Nakilat Transitions LNG Mekaines to In-house Management
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Mekaines from STASCo (Shell Trading and Shipping Company Ltd.) with effect from November 7, 2016, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 266,476 cubic meters, Mekaines is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in March 2009 and has been in service ever since.
Canada Oil Spill Program Hit by Cheap Crude
The two-year oil price crash has hurt a Canadian government program that funds research on oil spill cleanups, resulting in fewer applicants than expected, a senior federal official said.
Cargo Owners in Flight to Safety after Hanjin Collapse
Evergreen Marine says has assured large U.S. customers, while Maersk Line says "strongly hopes" M&A will continue. Cargo owners are becoming more concerned about…
Woodhead Appointed Sr V. P., Training & Content, KVH
KVH Industries, Inc. (Nasdaq: KVHI), announced today that Mark Woodhead has been named to the newly created position of KVH senior vice president for training and content…
Third Terex Gottwald Crane for LORENZINI & C. S.R.L
Terex Port Solutions (TPS) has again strengthened its business relations with a leading Italian terminal operator. Lorenzini & C. S.r.l. (Lorenzini) will put another…
Six SAR Boats from Damen Shipyards Antalya
Damen has signed a contract with the International Organisation for Migration (IOM) in Ankara, Turkey for the supply of six, state-of- the-art Search and Rescue (SAR) vessels for delivery in 2017.
Idemitsu, NYK Group Partnership to Enhance Boiler Combustion
Idemitsu Kosan Co. Ltd., NYK Trading Corporation and NYK Line have executed a joint development agreement for a new model of ULTY that integrates NYK Trading’s…
APL Expands Intra-Asia Service Network with New Services
APL is expanding its Intra-Asia service network with the launch of a new Japan Taiwan 6 (JT6) Service and an upgraded Japan Thailand 2 (JT2) Service. The new JT6 Service links the markets of Japan…
MSC Rolls out New VSA
Mediterranean Shipping Company (MSC) has announces a new vessel sharing agreement (VSA), effective on the Wallaby and Panda services between Australia and Asia.
Containership Scrapping Maintains Record Pace
Containership demolition has reached an all time high, providing a positive surprise for the struggling container shipping sector. “The demolition activity in the…
HullWiper Delivers 100 Hull Cleans for Maersk Line
HullWiper, GAC EnvironHull’s diver-free hull cleaning technology, has completed its 100th clean for Maersk Line. The clean was conducted on the Maersk Ganges in the Jebel Ali Container Terminal…
HMAS Melbourne Tests Endurance
A four-person team from the ship's company of HMAS Melbourne raised $3,000 when they pushed their personal limits in the Oxfam Australia 100 kilometre Trail Walk Challenge.
Hanjin Collapse: Cargo Owners Look for Saftey
Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd…
Van Oord Bags Two Egyptian Offshore Deals
Van Oord has been awarded two contracts by international contractor Subsea 7. The assignments include the construction of a landfall and the execution of subsea rock installation works in Egypt.
